IMF staff recommends to support Ukraine for 17 bln USD credit

The International Monetary Fund staff recommended to give Ukraine the credit at the level of 17 bln USD, to help the Ukrainian government to pay its debts amid the forecasted economic contraction of 5% in the current year, informed Bloomberg.

The staff's report was delivered to members of the IMF`s 24-seat Board of Directors on April 22. The staff proposed on April 30 Board meeting to consider the loan package. The IMF loan would clear the way for additional aid from the European Union, the USA and other donors at a time of escalating tensions between Ukraine and Russia.